+- MacResource (https://forums.macresource.com)
+-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1)
+--- Forum: Tips and Deals (https://forums.macresource.com/forumdisplay.php?fid=3)
+--- Thread: Musk has uncharacteristically pessimistic take on SpaceX (/showthread.php?tid=262072)
Pages:
1
2
Musk has uncharacteristically pessimistic take on SpaceX - pdq - 11-30-2021
Everyone has days like this, I guess:
Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket.
He described a dire situation the day after Thanksgiving in a companywide email, a copy of which was obtained by CNBC.
“The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote.
“We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year,”
miley-shocked003:Musk wrote in the email that he planned to take the long Thanksgiving holiday off. But, after discovering the Raptor situation, Musk said he would personally work on the engine production line through Friday night and into the weekend.
“We need all hands on deck to recover from what is, quite frankly, a disaster,” Musk wrote.
Honestly, I’m pulling for them…if not necessarily for their somewhat…erratic CEO.
Re: Musk has uncharacteristically pessimistic take on SpaceX - sekker - 11-30-2021
Answer/clarification from EM:
'If a severe global recession were to dry up capital availability / liquidity while SpaceX was losing billions on Starlink & Starship, then bankruptcy, while still unlikely, is not impossible.
GM & Chrysler went BK last recession.
“Only the paranoid survive.” – Grove'
And his answer to 'How's uh...the raptor thing going?' was:
'It’s getting fixed'
Re: Musk has uncharacteristically pessimistic take on SpaceX - sekker - 11-30-2021
And ...
'The magnitude of the Starship program is not widely appreciated. It is designed to extend life to Mars (and the moon), which requires ~1000 times more payload to orbit than all current Earth rockets combined.'
Re: Musk has uncharacteristically pessimistic take on SpaceX - Speedy - 11-30-2021
As the world’s richest private citizen, he should be able to keep things moving without going bankrupt.
Re: Musk has uncharacteristically pessimistic take on SpaceX - Paul F. - 11-30-2021
Speedy wrote:
As the world’s richest private citizen, he should be able to keep things moving without going bankrupt.
It's not in a bank account... it's in the stocks of SpaceX and Tesla. He can't write a check against them...
He is correct that if there is a down-turn such that capital is not forthcoming from "the usual sources", then they're in big trouble... Starship may end up the single most ambitious engineering project of the 21st century.
Re: Musk has uncharacteristically pessimistic take on SpaceX - kj - 11-30-2021
I didn't get pessimism at all from that. He is saying that starlink is dependent on a functioning starship, so success of the starship is crucial to all of SpaceX. Their projects are interdependent, and it helps for people to know that.
He's a risk taker. Huge risk, huge payoff. It's not a gamble, because he can affect the outcome.
Re: Musk has uncharacteristically pessimistic take on SpaceX - sekker - 11-30-2021
kj wrote:
I didn't get pessimism at all from that. He is saying that starlink is dependent on a functioning starship, so success of the starship is crucial to all of SpaceX. Their projects are interdependent, and it helps for people to know that.
He's a risk taker. Huge risk, huge payoff. It's not a gamble, because he can affect the outcome.
He's also providing context for the SpaceX teams. I've seen personalities delay projects by weeks or months.
When 'failure is not an option' is now shared, 'suddenly' all sorts of issues disappear.
Re: Musk has uncharacteristically pessimistic take on SpaceX - mrbigstuff - 12-01-2021
Speedy wrote:
As the world’s richest private citizen, he should be able to keep things moving without going bankrupt.
His wealth is all tied up in hopes and dreams.
Re: Musk has uncharacteristically pessimistic take on SpaceX - Speedy - 12-01-2021
mrbigstuff wrote:
[quote=Speedy]
As the world’s richest private citizen, he should be able to keep things moving without going bankrupt.
His wealth is all tied up in hopes and dreams.
My wealth is also tied up in his hopes and dreams so I hope his bankruptcy talk was just talk.
Re: Musk has uncharacteristically pessimistic take on SpaceX - Acer - 12-01-2021
Meh, it can wait til Monday at least.